Brazilian textile company inaugurates factory in El Salvador

With and investment of $50 million, Brazilian company Pettenati inaugurated its production plant where its expects to provide jobs to some 400 people.

Friday, November 14, 2008

The company makes high quality sports fabrics and some of its most important clients include American and European brands, according to company representatives.

Ricardo Pettenati, Director/President of the company, said that they have been feeling the effects of the global crisis, but they see it as an opportunity to grow, hence the decision to invest in the country.



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El Salvador: Textile Investments

March 2015

The manufacturer of synthetic fabrics Pettenati plans to invest $13 million to increase its production capacity by 25%.

The textile company Pettenati has announced that it is completing the process of purchasing new equipment in order to increase its production capacity this year and meet growing demand which has been reported in recent years.

Positive Signals for Salvadoran Textile Industry

March 2010

Textile companies are optimistic: purchase orders have increased 10% and many jobs have been recovered.

Patricia Figueroa, head of the Salvadoran Textile Industry Chamber, explained that some companies are now investing as the market recovers.

“One of Fruit of the Loom’s production plants, closed last year, has reopened, and three new facilities from other companies have started operations.

Hanesbrands Invests $200 Million in El Salvador

March 2009

With the opening of its sixth garment production plant, the company has made a total investment of $200 million since its arrival in the country in 1992.

Keny López wrote in LaPrensagrafica.com: "'This new Hanesbrands project called 'El Salvador Socks' entails the creation of 500 jobs which would double within a period of 12 months when the plant is operating at full capacity,' said Ron Gburek, vice president of weaving for Hanesbrands Inc. 'Production in El Salvador will go to retail stores across the United States. The plan is not to supply the Central American market, but we would eventually earmark a portion of production to this market' explained Gburek.”

Free Trade spurs sales of Accesorios Textiles S.A.

June 2008

Accesorios Textiles S.A. invested 1.5 million dollars to provide labos to manufacturers of garments sold in the United States under the free trade agreement.

This Guatemala company is an example of the multiplier effect of free trade. Since the middle of 2006, when the agreement went into effect, it has invested more than 1.5 million dollars to buy machinery, expand facilities, and hire personnel to diversify its production.

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